Gold is so valuable, it is called a ‘precious metal.’ For most of its history, the USA dollar used to be directly convertible to gold. It no longer is.

Going as far back as 1961, the USA was starting to not have enough gold to back its dollar, the Plain Truth reported:

Germany, Japan have the largest surpluses of GOLD and DOLLARS…Rich Uncle {Sam} has the greatest deficit in governmental history and a GREATER DEBT than all the REST OF THE WORLD COMBINED!…

Vast foreign aid programs drain the U.S. Treasury…American spending to supply services and to support our troops in foreign countries and military installations around the world amounts to…dollars flowing out of the frightened U.S. Treasury. All of these factors, combined with heavy taxes, gigantic public and private debt, and no gold backing for our own currency if foreign investors demanded gold for their dollars, adds up to the staggering revelation that the U.S., richest nation in the world, is bordering on bankruptcy! (Hill DJ. What the US Gold Crisis Means to You. Plain Truth. February 1961, p. 9).

France did finally cash in dollars for gold and this caused a crisis in the USA.

The USA’s answer was to go off the gold standard completely in 1971. About the same time it made a deal with Saudi Arabia to price oil in dollars. So, while this prevented “foreigners” from being able to redeem US dollars for something from the USA treasury, instead it meant that dollars could be used to by oil. As other (mostly smaller) oil producers followed Saudi Arabia’s lead, this has served to support the US dollar for several decades.

The USA is now the most indebted nation that the world has ever seen. Many are concerned.

Those in Russia, China, India, and Europe are looking more towards gold, and less towards the USA dollar to back their economies and their currencies.

Back in 1971, the Plain Truth mentioned gold and that a currency coming out of Europe would replace the USA dollar:

FOR 40 YEARS, (1931 to 1971) the American dollar reigned supreme in world trade and finance. From 1945 to 1958, the dollar was considered better than gold to most developing economies…

On August 15, 1971, President Nixon revealed his new economic plan. One part of the strategy was to cut loose the dollar from gold, in effect letting it “float” in foreign transactions until natural market pressure would decide its best value…

The European Common Currency appears to be the most likely successor to the dollar in this long line of monetary dynasties. Europe is the only continent with sufficient gold backing…

… and What About Gold?

The gold standard is not sacred. It is only about 100 years old in the history of man, a product of evolution as much as any social institution. But in a world of sovereign powers, there must be some standard to finance international trade and domestic currency. Gold has the confidence of more people than any other standard, especially in Europe. (Alexander G. America faces “The Dollar Crisis”. Plain Truth magazine, October 1971, pp. 3-4)

Other articles from the old WCG also predicted that the Europeans would end up with their own European currency and that it would be expected to replace the dollar.

The Russian central bank opened its first overseas office in Beijing on March 14, marking a step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system, and to phase-in a gold-backed standard of trade.

According to the South China Morning Post the new office was part of agreements made between the two neighbours “to seek stronger economic ties” …

Financial regulators from the two countries agreed last May to issue home currency-denominated bonds in each other’s markets, a move that was widely viewed as intended to eventually test the global reserve status of the US dollar. …

Russia and China are working towards a world where the US dollar is not the world’s primary reserve currency and a world where gold rises up.

It should be noted that the Bible does show that gold will have value into at least the first few couple of years of the Great Tribulation–and that the Europeans will also value it.

Here are some end time prophecies from scripture that help show that:

40 “At the time of the end…43 He shall have power over the treasures of gold and silver (Daniel 11:40,43)

14… And the wealth of all the surrounding nations
Shall be gathered together:
Gold, silver, and apparel in great abundance. (Zechariah 14:14)

16…’Alas, alas, that great city that was clothed in fine linen, purple, and scarlet, and adorned with gold and precious stones and pearls! (Revelation 18:16)

4 The woman was arrayed in purple and scarlet, and adorned with gold and precious stones and pearls (Revelation 17:4)

There are no similar statements backing up the future value of paper items, like the US dollar or the British pound (scripture, indirectly, teaches their elimination, for details see Anglo – America in Prophecy & the Lost Tribes of Israel). Daniel 11:24 shows that the leader mentioned in Daniel 11:434 will somehow also be accumulating wealth prior to this time, and that may involve gold accumulation. Perhaps to back up a European supported currency, he also may end up with personal and/or national gold reserves and/or wealth from the Vatican. The Vatican has a vast amount of wealth and is prophesied to be improperly involved with the kings of the earth in the end times per Revelation 17.

The Bible is clear that a leader in Europe will be interested in gold in the end times. Gold will have value when the USA dollar becomes worthless. Now this does NOT mean that gold will only go up in value. It will have ups and downs and probably will drop in value once associated with the temporary peace deal that Daniel 9:27 alludes to (see also The ‘Peace Deal’ of Daniel 9:27).

This does not mean that gold will not drop in value (it goes up and down all the time). But unless there is national repentance across the USA, the USA dollar will ultimately be worth less than the cotton-paper it is printed on. None of the presidential hopefuls will be able to stop it.

Unlike the USA dollar, gold seems to be prophesied to retain value past the time the USA is gone (cf. Daniel 11:43; Revelation 18)–though it too will end up with issues and one day be worthless (Ezekiel 7: 19).